The U.S. economy created more jobs than expected in February as falling new COVID-19 infections and additional pandemic relief money from the government boosted hiring at restaurants and other services businesses, firmly putting the labor market recovery back on track.
The race to roll out vaccination passports is spurring competition among travel companies and tourist destinations for the large number of Britons set to receive COVID-19 shots before the summer.
John McAfee, the antivirus software pioneer whose former company still bears his name, has been indicted on fraud and money laundering conspiracy charges stemming from two cryptocurrency schemes, the U.S. Department of Justice said on Friday.
Traders at Goldman Sachs Group Inc may reap huge profits from the winter storm last month that left many across Texas and other southern U.S. states without electricity, clean water and heat, Bloomberg News reported on Friday.
Junk bonds, the only fixed-income segment still offering positive returns this year, will continue their outperformance, according to investor bets the U.S. Federal Reserve will eventually put its foot down and calm bond markets.
On February 25, as a mini-tantrum raged on bond markets, the U.S. Treasury auctioned $62 billion in 7-year notes - but investors, it would seem, forgot to show up. The lowest bid-cover ratio of 2.04 on record sent 10-year Treasury yields rocketing to a one-year high above 1.61%.
Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.
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| Dow » | 31,574.53 | +2.10% |
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| US 10YR |
+1.557
|
+0.007 |
| DE 10YR |
-0.308
|
-0.005 |
| JP 10YR |
+0.094
|
+0.004 |
| USD / EUR » | 0.8387 | +0.40% |
| USD / GBP » | 0.7219 | +0.33% |
| USD / JPY » | 108.3000 | +0.31% |